Dynamic general equilibrium modeling: computational methods and applications
Auteur :
Heer, Burkhard / Maussner, Alfred
Éditeur :
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN :
9783540856849
Date de publication :
24 nov. 2008
Dimensions :
23,5 x 15,5 cm
Langue :
Anglais
Pays d'origine :
Allemagne
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods.